Bill lost 3 billion in one day
by Cem Basman
Benjamin J. Romano reports at The Seattle Times:
Microsoft's stock took its biggest one-day fall in more than five years Friday, shaving about $32 billion off the company's market value.
That's enough to buy Starbucks, with plenty left over to treat everyone in China to a tall cafe Americano. Or maybe buy Costco and Getty Images and get back about $2 billion in pocket change.
It's almost as much as the United States spends every three months in Iraq and Afghanistan.
The endowment of the Bill & Melinda Gates Foundation, the world's largest charity, is a few billion less.
Microsoft's stock closed at $24.15, down $3.10 a share, or 11.4 percent, after the Redmond software company indicated plans Thursday to invest more in its businesses — including a battle for the Internet with Google and Yahoo! — at the expense of higher short-term profits.
That's capitalism. Watch MSFT at Nasdaq.
[via digg]
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